JPMorgan Chase launches $1.5 trillion plan to bolster US economic and national security.

JPMorgan Chase on Monday unveiled a sweeping $1.5 trillion, decade-long initiative to strengthen industries vital to America’s economic and national security.

The effort — dubbed the “Security and Resiliency Initiative” — will direct $1.5 trillion toward projects spanning energy, manufacturing and defense. As part of the plan, the financial giant will invest up to $10 billion in direct equity and venture capital to help select U.S.-based companies “enhance their growth, spur innovation and accelerate strategic manufacturing,” the company said.

“It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing – all of which are essential for our national security,” JPMorgan Chase CEO Jamie Dimon said in a statement. 

Dimon added, “Our security is predicated on the strength and resiliency of America’s economy. America needs more speed and investment. It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock and an education system not aligned to the skills we need.”

The company said it will focus on four key areas, including supply chain and advanced manufacturing, defense and aerospace, energy independence and resilience and frontier and strategic technologies. These four areas are further broken down into 27 sub-areas which range from cybersecurity to nuclear energy to critical defense components, as noted in the announcement.

“This new initiative includes efforts like ensuring reliable access to life-saving medicines and critical minerals, defending our nation, building energy systems to meet AI-driven demand and advancing technologies like semiconductors and data centers. Our support of clients in these industries remains unwavering,” Dimon said.

JPMorgan will also advocate for policies aimed at accelerating these efforts and conduct targeted research on private companies and supply chain issues related to rare earths, AI and advanced technology. 

Source: Foxbusiness